ONGKOS MADANI - SKIM UNIVERSAL BASIC INCOME 2022
UNIVERSAL BASIC INCOME
SKIM BANTUAN SARA HIDUP DALAM BENTUK
WANG TUNAI
KESIHATAN & PERUBATAN
PENCEN
melalui,
CUKAI BAHAN API FOSIL
TARIF ELEKTRIK
TARIF BEKALAN AIR
CUKAI TAMBAH NILAI (VAT)
Disediakan oleh
Dr Daniel Lam Chun Chang
Manis Majujaya Sdn Bhd,
(R&D, Engineering Procurement,
Consultant and Property Developer)
Kuala Lumpur
19hb Januari 2023
Universal Basic Income
FACT SHEET Date: 19/1/2023
By: Dr Daniel Lam Chun Chang - lam1133@gmail.com
Whatsapp: 013 419 4191 or 019 4191349
___________________________________________________________________________
Universal Basic Income (UBI) is a free money payout scheme to all Malaysian Citizens.
UBI will ‘raise the floor’ from zero to the minimum basic needy amount.
Payout of UBI is in the form of
Cash
Contribution to Kumpulan Wang Simpanan Rakyat (to be incorporated under Ministry of Finance Incorporated)
Premium to National Healthcare Insurance Programme (NHIP)
Payout to Federal Government - 1/12 of total VAT revenue - as expenses to manage the UBI scheme,
Payout to State Government - 1/12 of total VAT revenue - as an incentive in creating GDP of the state.
Tabulation of UBI Payout: Based on 3 age groups:
Group 1 - 0-17, from date of birth till last day of age 17,
Group 2 - 18 -64, from 18th birthday till last day of age 64, and
Group 65 - from 65th birthday on wards.
Note *1: Source - Statistics Department of Malaysia 2022
Receivable of UBI scheme is from the following:
Fossil Fuel Tax,
Energy/ Electricity Surcharge,
Water Supply Surcharge, and
Value Added Tax on all goods and service
Receivable 1 : Fossil Fuel Tax, Water Supply and Energy Surcharge:-
Note:*2 Source : Energy Handbook Malaysia 2019
Receivable 2 : Value Added Tax
Note: Source - Malaysian Budget 2023 (Tinjauan Ekonomi 2023)
Total Receivable vs Total Payout
*n : Value added Tax of RM35.00 to 312.00 billion is the upper limit of collectable VAT amount. However, the efficiency of VAT collection is at stake. An estimation of 75% of VAT to be collected (treated as lower limit).
NOTES ON ASSUMPTIONS
Deficit (M$5.3 Billion) will be traded off against the savings from cancellation and discontinuation of allowance and benefits, grants and various social welfare such as the gasoline allowance up to M$1.00 per litre (means M$35 billion saving)
Federal Government will receivel 1/12 of the gross collection of VAT = M$4 to M$26 billion
State Governments will be paid (1/12 of the gross collection of VAT) which is based on the state population and GDPs generated by various states,
Adjustment of Retail Price of Gasoline as follows:
Upper Unit Retail Price-Gasoline 95 - RM2.05 + 2.80 + 1.00 = RM5.85 / litre
Lower Unit Retail Price-Gasoline 95 - RM2.05 + 0.60 + 1.00 = RM3.65 / litre
Upper Unit Retail Price- Gasoline 97- RM3.36 + 2.80 = RM6.16 / litre
Low Unit Retail Price - Gasoline 97 - RM3.95 + 0.60 = RM4.55 / litre
Upper Unit Retail Price - Diesel - RM2.15 + 2.80 + 1.00 = RM5.95 / litre
Lower Unit Retail Price - Diesel - RM2.15 + 0.60 + 1.00 = RM3.75 / litre
(Note: assumption is based on World Oil Price WTI Crude at US$78.32 per barrel, Brent Crude at US$84.03 per barrel as at 16/01/2023 and Malaysian Government Controlled Price as at Week 2 /2023)
Adjustment of Electricity Bill
Fossil Fuel Tax -from M$ 7.5to 30.0 Bil / 120K GWh = 6.30 to 25.00 sen / KWh
Additional Tax - 3.00 sen to 12.00 sen per KWh
Domestic Tariff
1st 200 KWh - 21.80sen to 31.10 - 58.80 sen
Next 100 KWH - 33.40 sen to 42.70 - 70.40 sen
Next 300 KWH - 51.60 sen to 60.90 - 88.60 sen
Next 300 KWH - 54.60 sen to 63.90 - 91.60 sen
> 900 KWH - 57.10 sen to 66.40 - 94.10 sen
Commercial
peak period - 36.50 sen to 45.80 - 73.50 sen
Off peak - 22.40 sen to 31.70 - 59.40 sen
Adjustment of Water Bill
Air Selangor - Domestic Residential
0-20m3 - 57 sen to M$1.47 - M$4.17
21 - 35m3 - M$1.03 to M$1.93 - M$4.63
Above 35m3 - M$2.00 to M$2.90 - M$5.60
Air Selangor - Commercial
Up to 35m3 - M$2.07 to M$2.97 - M$5.67
Above 35m3 - M$2.28 to M$3.18 - M$5.88
Air Selangor - Apartment
From 80sen to M$1.73 - M$3.80 per m3
Household Income
B40’s average household income
Year 1 - UBI of RM883 per month per household,
Up from RM3,165 to RM4,048 (up 28%).
Year 12 - UBI of M$3,840 per month per household,
Up from RM3,165 to RM7,005 (increase 121% !)
M40’s average household income
Year 1 - UBI of RM883 per month per household,
Up from RM7,335 to RM8,218 (up 12%).
Year 12 - UBI of RM3,840 per month per household
Up from RM7,335 to RM-11,175, (increase 52%).
T20’s average household income
Year 1 - UBI of RM883 per month per household,
Up from RM16,184 to RM17,067 (up 5%)
Year 12 - UBI of RM3,840 per month per household,
Up from RM16,184 to RM20,024 (up 24%).
A significant increase in B40’s household income will create positive social impact ie. less crime, more celebrations, higher spending power, better quality food, quality education and living conditions for children, etc.
Inflation - Price adjustment
Fuel Cost:
1% up on fuel cost = 0.06% on total cost for product and service.
Fuel cost increases ie RON 95 - M$2.05, gradually increase from M$4.15 to M$6.35 per litre,
a surge price of of 102% to 210% on fuel cost,
6.12% to 12.6% increase of total cost of production for good and service.
VAT:
A gradual taxation of 3% to 12% on all cost of good and service.
Change of Cost of Living:
An increase of 6.30 - 14.1% on total cost of living.
Government Debt
With UBI, increase in public expenditure and its multiplying effect will surge result to a surge in GDP from RM1.796 trillion to RM2.13 trillion - RM4.00 trillion.
Government DEBT / GDP ratio will DROP from 62% to 34%, meaning there is a permissible debt gap of 21% (RM 1,155billion) to the miracle number of 55% Debt over GDP.
Kumpulan Wang Persaraan Rakyat (KWPR)
Under the UBI scheme, each citizen aged between 0 to 64 will receive a monthly subscription of RM23 to RM100 per month,
Total contribution is RM7.76 billion (Year 1) to RM34.49 Billion (Year 12) - totalling RM252.42 billion.
Contributions from KWPR are proposed to acquire toll highways concessionaire companies namely PLUS from Khazanah and KWSP. Toll collections form part of the long term revenue of KWPR.
KWPR can then also invest into future HSR (JB - KUL - Penang - Padang Besar - Bangkok), future MRTs and LRTs in Kuala Lumpur, Johor Bahru and Penang, ECRL, 5K Klang River Expressway, Sungai Klang - Sri Muda Smart Canal Project, etc.
The recurring income from KWPR Fund is served as pension provident fund for RAKYAT Malaysia.
Monthly Pension Payout to be made to all RAKYAT aged above 65 onwards
BENEFIT TO MALAYSIANS ONLY
UBI benefits RAKYAT Malaysia BUT NOT for Non citizens.
Malaysia has 30.28 million RAKYAT Malaysia.
18.95 million aged 18 to 64,
9.11 million aged 0 to 17,
2.22 million WARGA EMAS (RAKYAT Malaysia age 65 and above,
In addition, there are 2.40 million Registered Non Residents, mostly general labourers from Bangladesh, Indonesia, Nepal, India and Pakistan.
Non-Malaysians will be subjected to an adjustment in basic cost of living of 6.3% at year 1 till 14.1% at year 12. Pressure on pay rise may happen to all sectors of industries and service providers, as well as the cost of products and services.
Welfare State
Upon UBI, Malaysians will receive free money, which is enough for basic needs.
Critical help to B40 households, especially to the widows with dependents.
Essential needs to the unemployed citizens, basic income while they are looking for jobs.
More youngsters can then use the money for further studies and training.
Eliminate diesel/fuel oil smuggling
Personal Income Taxation
With UBI, all Malaysians (aged 18 and above) are required to establish personal income tax files. Annual income return to be filed by each Malaysian Citizen.
Proposed that Personal Income Tax of the previous year to be settled before receiving the forthcoming UBI payout.
Discipline, Well Being, Decent, Progressive Society
UBI shall institute a scheme in helping to form a Decent Living Environment for the RAKYAT by looking after their basic surviving needs in the form of CASH for foods and basic needs, a basic health care program and a pension programme for WARGA EMAS.
UBI helps to make the RAKYAT be more discipline and well being.
UBI helps the Government in saving on the allocation on social benefits and grants, instead, it then to be channeled for other development and operating expenditure,
UBI helps to “raise” the household incomes, hence eliminating the poverty in terms of household incomes,
UBI helps the to improve the living standard the needy groups, namely RAKYATs especially Orang Asals at the rural areas in Semenanjung, bumiputeras in the inner and rural jungles in Sabah and Sarawak, bumiputeras living at the coastal areas in Kudat, Sandakan, Lahad Datu, Semporna, Tawau, and Kalabakan, Sabah, poor Indian families in the estates in Semenanjung Malaysia.
UBI provide youngsters especially age 15 to 25 for they may use these monies and benefit for Further Studies, TVET, Business Start UP, etc.
UBI helps to discipline the RAKYATs on the essentiality of energy and resources - MORE EXPENSIVE of gasoline, water and electricity, MEANS careful and thrifty when using it,
UBI helps to prevent leakage by ADJUSTING the retail price of gasoline and diesel which is equivalent to International Price ie. Thailand, Indonesia, Philippines, etc. UBI prevents smuggling of gasoline and diesel to neighbouring countries.
UBI imposes Value Added Tax (VAT) on all goods and services, which, in return the monies to be distributed to the RAKYATs. A 1/12 portion of VAT would be distributed as incentives to all States Government according to the populations and amount of GDPs generated respectively; that thus will make the States Governments to work towards a more progressive and productive Malaysia.
Prepared by :
Dr Daniel Lam Chun Chang
Kuala Lumpur
19th January 2022
posted by LAM CHUN CHANG 林展昌 字 苍圳 @ March 06, 2025
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